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Monday at the Capitol: Legislation would rename the state’s ‘worst-named agency’

It’s been said that the Texas Railroad Commission is the worst-named agency in the state. And that’s not according to an agency detractor, but from a former chairperson. The Texas Railroad Commission has absolutely no authority over railroads. Surveys have shown wide confusion about its responsibilities. But Texas home and business owners – whether they know it […]  More »

Oil rig count resumes slide

The number of rigs chasing oil fell by 3.4 percent to 734, now down 55.4 percent since its late October peak.  More »

Oil collapse claims 343 more Texas jobs

Two more companies have told state regulators of plans for layoffs in Texas as the global crude collapse continues to batter the oil and gas industry.  More »

As costs fall, companies may start completing wells again

Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.  More »

Noble Energy doubles down in Falkland Islands

The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government.  More »

Shell wins restraining order against Greenpeace

WASHINGTON — Hours after stormy weather forced Greenpeace activists to climb off an Arctic drilling rig in the middle of the Pacific Ocean, Shell won a temporary restraining order blocking the group from similar protests. The ruling, by U.S. District Judge Sharon Gleason, bars Greenpeace and its activists from boarding, barricading or interfering with the […]  More »

Bullish bets on oil increase

e funds boosted net-long positions on West Texas Intermediate crude by 30 percent in the seven days ended April 7, the biggest jump since October 2010, U.S. Commodity Futures Trading Commission data show  More »

Greenpeace protesters leave Arctic rig

Rough seas prompted the decision, Greenpeace said in an email. The protesters rappelled off the rig and got into inflatable boats before returning to a Greenpeace ship stationed nearby.  More »

Feds launch review of Shell’s Arctic drilling plan

Federal regulators have begun a 30-day review of a broad plan that forms a framework for Shell to resume Arctic drilling this summer. The company also must obtain permits for each proposed well.  More »

U.S. households to save $700 this year on gasoline

Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator or the latest iPad.  More »

Five years after Gulf disaster, feds ready new well control and blowout preventer mandates

The Obama administration is poised to lay out new requirements for controlling offshore wells, nearly five years after the Gulf of Mexico oil spill vividly illustrated the damage that can be unleashed when they are not kept in check.  More »

Feds say CenterPoint was smart with grid grants

Energy Department grants funded more than a fourth of CenterPoint’s $750 million project to reduce the duration of power outages and provide customers timely information about their electricity use.  More »

84th Texas Legislature: This Week’s Energy Consumer Bills

Of the thousands of bills so far filed during the 84th Texas Legislature, more than 120 potentially impact gas and electric utility customers. Some would tend to lower prices. Others would have the opposite effect. Some legislation would impact customers in other ways. Here’s what to watch for this week: Senate Bill 1444, by Sen. […]  More »

Libya’s biggest oil port may reopen as groups vie for buyers

Libya, holder of Africa’s largest oil reserves, has been split since last year when a coalition of Islamist militias captured Tripoli, forcing the elected government to move to the eastern region.  More »

Pemex still searching for missing workers

Mexico’s state-run oil company continues to search for three missing workers from a platform fireball that killed four others, while beginning to restore production at the damaged Gulf of Mexico facility, officials said Sunday  More »
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